Baystate Health Foundation Inc

Overview

Mission

The mission of baystate health foundation is to inspire a "culture of philanthropy and encourage philanthropic relationships that will support the mission and vision of baystate health which is to improve the health of the people in our communities every day, with quality and compassion.

What it reported doing in 2023

The primary areas of support in 2024 include baystate health family medicine residence program, mobile health, cancer research and other patient centered programs and services, baystate children's hospital, baystate wing hospital, baystate franklin medical center, baystate home, health and hospice (f.k. A. Baystate visitng nurses association & hopsice of western new england, inc.)

Operating model

Revenue model
Donor-supported. 61% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
043549011
IRS 990 coverage
2012–2023
Forms available
Form 990 2023
Headquarters
Springfield, MA, USA
Phone
4137940000
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 71
  • Accountability: 70
  • Sustainability: 79
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.4%; rating input score 80
  • Program expense ratio: 72.7%; rating input score 73
  • Fundraising efficiency: $2.46 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 72.2%; rating input score 72; 13th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 15.3%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 15.54; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 7.1%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: -2.8% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: 7.4% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: 4% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: 80.4% of revenue deployed · 72.7% of spending went to programs
  • Governance: 13 of 18 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $8.5M in reported program spending
  • Leadership: top reported pay $2.8M · 27 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 12 annual filings from 2012 to 2023
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 47 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

27 people listed

Highest reported compensation

  • MARK A KEROACK MD (TRUSTEE (THRU 6/3/24)/PRESIDENT & CEO - BH): $2,758,272 total reported compensation
  • ANDREW ARTENSTEIN MD (TRUSTEE/PRES-BMP/CPE, CAO): $1,328,735 total reported compensation
  • RAYMOND MCCARTHY (TRUSTEE/SVP, CFO & TREASURER BH): $1,211,162 total reported compensation

Source: IRS Form 990. Selected filing: FY2023.